This is a bit mind blowing. The US debt is a bad situation. Japan after fighting its slump for decades is even worse. Both of them are not critical yet, but very well could be if China and others decide to stop buying bonds. However recent data analysis on British debt shows it now has …
Tag Archives: economics
A call for action on our great depression
I’ve seen many others attempt to link our current situation with the 30’s but I think this article does one of the better jobs at making that argument: The Book of Jobs by Joseph E. Stiglitz in Vanity Fair Monetary policy is not going to help us out of this mess. Ben Bernanke has, belatedly, …
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Professional Chinese WoW Gold Farmer interview
This video is six months old, which is ages World of Warcraft’s RMT (Real Money Transactions) economy, but it still contains a lot of great information on the game market economics. For those of you not familiar with WoW, it is the largest massively multiplayer online role-playing game in the world with over 12 million …
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Economics reading
I’ve been catching up on a lot of reading with instapaper and our kindle. Here are some of the more interesting economics reads I’ve had in the last few months: Business Is Booming – America’s leading corporations have found a way to thrive even if the American economy doesn’t recover. This is very, very bad …
The beast is starved, now what?
We had a conversation with a neighbor today about the republican party punishing members that reminded me of this article by Krugman: The Bankruptcy Boys Voters may say that they oppose big government, but the programs that actually dominate federal spending — Medicare, Medicaid and Social Security — are very popular. So how can the …